Generally, life insurances provided by an employer covers suicide.

However, individual life insurance isn’t the same. Suicide is often out of the coverage in individual life insurance during the first two years of the policy.

But despite that, If a suicide occurs, the life insurance company may refund all premiums according to the coverage. After the first two years of your policy (one year in some states) individual life insurance most likely will cover suicide.

Which Cases Is The Suicide Covered By A Life Insurance?

Suicide is a sad and painful process. However financial issues are also among the issues you need to discuss after losing someone you love.

After the insured’s suicide, a life insurance company pays death benefits if the following conditions exist:

  • the insurer had an employer-paid free life insurance
  • A life insurance policy which is purchased through work is available that went into effect more than two years ago (one year in some states)
  • The insured was under an individual policy which is purchased at least two years ago (one year in some states)

Even if a life insurance policy does not cover suicide, it may be helpful to contact the insurance company. Because, although you can’t claim death benefits due to suicide, the insurer may refund all premiums that it is paid by the insured during the policy period.

How Individual Life Insurance Covers Suicide

When it comes to individual life insurance, if the insured dies from suicide, almost all life insurance companies deny payment until a certain period of time after the policy begins. This certain period is often is 2 years (one year for some policies). It is indicated as a clause within the coverage of life insurance. When this period expires, the insurer pays out for death caused by suicide.

This provision is necessary to prevent the abuse of life insurance coverage. A person who is considering suicide may want to provide financial support to their beneficiary by purchasing life insurance.

If the insured dies from suicide within the excluded period, the life insurance company probably will return the premiums paid for the policy.

How Group Life Insurance Covers Suicide

Typically, whether a life insurance policy covers suicide depends on the type of life insurance. As we mentioned earlier, if the employer buys a life insurance policy for their employees, it probably also covers suicide. The key is that the policy is purchased by the employer. This type of insurance is called group life insurance. But it does not have the same coverage as the group life insurance purchased by the employee himself/herself.

Group life insurance policies, mostly paid by employers, do not contain a restrictive condition on suicide. If your relative had free life insurance through work, the life insurance company probably makes a payment for deaths, including suicide. For more detailed information, you can contact the human resources department of the company where your loved one worked.

However, do not confuse employer-paid group life insurance with the group life insurance that company employees purchase individually.

Even if an employee purchases a group life insurance through the company, this employee is liable to individual life insurance terms and coverage. So the policy doesn’t cover suicide during the first one or two years. If an insured died from suicide within the excluded period, the premiums the employee paid are refunded by the life insurance company to the beneficiary.

If You Are Planning To Commit Suicide

Life is a challenging task. But every person has enough power to get up when he/she fall. You never give up.

First of all, get yourself a purpose. Don’t stop dreaming. These will help you to cling to life.

There are always people with worse conditions than you. Consider them. If they can fight, you can do it too.

If you need to help:

  • The National Suicide Prevention Lifeline offers 24/7 free, confidential support: 1-800-273-TALK (8255) or visitssuicide coverage the website to chat online.
  • The Veterans Crisis Line provides confidential support for veterans and their families: 1-800-273-8255, press 1; or text to 838255; or start an online chat.
  • The Crisis Text Line offers free 24/7 support for people in crisis. Text HOME to 741741.

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